Foreign Media Reports: Jueng Rung Roengkit Family Considering Selling 'Thai Summit' for 60 Billion Baht, Linked to EV Transition and Succession Issues

Bloomberg reported that Thai Summit Group, Thailand's largest automotive parts manufacturer, is considering selling its business amid increasing pressures from global electric vehicle transitions, political uncertainties, and a lack of succession planning. Global investment banks have returned with business proposals to the Jueng Rung Roengkit family, the company's owners, with an estimated sale price of 1.5-2 billion US dollars (approximately 47,000-63,000 million baht). Potential interested buyers include CVC Capital Partners, Warburg Pincus, and Blackstone Inc., though no official proposals have been submitted. The traditional automotive parts supplier is facing technological challenges, and the problem of generational business transfer has become increasingly common among Asian family businesses. The company has annual revenues exceeding 2.6 billion US dollars, with over 20,000 employees and factories in China, Japan, and India.